Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of St. Charles Community College (the College) for the year ended June 30, 2025 and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The Schedule presents only expenditures of federally funded programs of the College. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements and is not intended to and does not present the financial position or changes in financial position of St. Charles Community College.
For the year ended June 30, 2025, the College acted as a pass-through agency for Direct Federal Stafford Loans (subsidized and unsubsidized) to students in the amount of $2,089,229.
The College received no non-cash assistance or federal insurance and the College did not provide any funds to subrecipients.